Senate Rejects Toomey Budget Proposal

The Senate voted down S. Con. Res. 21, a budget proposal authored by Senator Pat Toomey (PA) by a vote of 55-42.

The plan for FY2012 recommended spending for FY2012 of $2.9 trillion with a deficit of about $1 trillion. It also proposed an increase in spending by the year 2021 of $3.4 trillion, with expected revenues to rise to $3.85 trillion by that year for a total accumulated Federal debt of $13.5 trillion over the same period, just $2 trillion more than what it is presently.

Three Republicans joined all Democrats in opposition to the bill: Scott Brown (MA), Susan Collins (ME), and Olympia Snowe (ME).